23andMe's rise and fall, in four charts [CNN]
Walt Disney Company (The) (DIS)
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Source: CNN
The company is navigating an uncertain future, as consumer advocates are urging its 15 million customers worldwide to delete their data to prevent it from being accessible to potential buyers. These are the latest challenges for the California-based company, founded in 2006, which dramatically cut its workforce last year and has struggled financially since it went public in 2021. Here's a look at 23andMe's rise and fall in four charts. Just months after it started trading on the Nasdaq in June 2021, the company was valued as high as $5.8 billion. But by the end of that year, it had lost nearly half its value. Then, in 2023, hackers accessed profiles and genetic information on millions of users. As of Friday, the firm's shares were worth less than a dollar. One of the company's primary challenges is finding a sustainable business model. Its core revenue comes from direct-to-consumer sales of saliva collection kits for genetic testing, priced from $99 to $499, with the higher
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